supply and demand

USAGE SUMMARY

The phrase "supply and demand" is correct and usable in written English. You can use it in discussions about economics, market trends, or pricing strategies. For example, "The price of the product increased due to high demand and limited supply." Alternative expressions include "market forces" and "economic principles."

✓ Grammatically correct

News & Media

Encyclopedias

Science

Human-verified examples from authoritative sources

Exact Expressions

55 human-written examples

(See supply and demand).

Encyclopedia Britannica

It's supply and demand.

The New York Times

Exhibit A: supply and demand!

The New York Times

So, it's supply and demand.

The New York Times

"It is supply and demand".

The New York Times

It was basic supply and demand.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

5 human-written examples

Supply-and-demand says.

The Guardian - Music

It's a supply-and-demand business.

The New York Times - Magazine

"It's a supply-and-demand issue".

The New York Times

Supply-and-demand type of thing".

The New York Times - Sports

A supply-and-demand price.

The Guardian

Expert writing Tips

Best practice

When discussing market trends, clearly define the specific "supply" and "demand" factors at play to provide a comprehensive analysis.

Common error

Avoid attributing price changes solely to "supply and demand" without considering external factors such as government regulations, technological advancements, or consumer preferences. Acknowledge the complexity of market dynamics for accurate reporting.

Linguistic Context

The phrase "supply and demand" functions as a noun phrase representing a core economic concept. Ludwig confirms its correct usage in various contexts.

Expression frequency: Very common

Frequent in

News & Media

75%

Formal & Business

15%

Encyclopedias

5%

Less common in

Science

5%

Academia

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "supply and demand" is a fundamental concept in economics, representing the relationship between the availability of a product or service and the desire for it by consumers. Ludwig confirms its correct usage across diverse contexts, primarily in news reporting, business analysis, and academic discussions. The analysis reveals that oversimplification of market dynamics is a common error when using this phrase, and it's important to acknowledge the complexity of market factors for accurate reporting.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

the law of supply and demand

Highlights the principle that price is determined by supply and demand.

forces of supply and demand

Emphasizes the dynamic interaction between the two elements.

market equilibrium

Focuses on the point where supply and demand balance each other.

market dynamics

Broader term referring to the factors influencing price and availability.

availability and need

Highlights the relationship between what is accessible and what is required.

market conditions

General description of the state of the market, including supply and demand.

economic forces

A general term encompassing the factors that influence the economy, including supply and demand.

scarcity and desire

Highlights the fundamental tension between limited resources and unlimited wants.

resource allocation

Focuses on how resources are distributed based on supply and demand.

balance of trade

Relates to the difference between a country's imports and exports and their effect on domestic supply and demand.

FAQs

How does "supply and demand" affect prices?

Generally, increased demand and limited supply lead to higher prices, while increased supply and limited demand lead to lower prices. This relationship is a fundamental concept in economics.

What factors influence "supply and demand"?

Supply can be affected by production costs, technology, and resource availability. Demand is influenced by consumer preferences, income, and the availability of substitutes. It's also important to consider external factors, such as government regulation.

What is "market equilibrium" in relation to "supply and demand"?

Market equilibrium is the point where the quantity supplied equals the quantity demanded, resulting in a stable price. It represents a balance between the forces of "supply" and "demand".

How can I use "supply and demand" in a sentence?

You can use "supply and demand" to explain price fluctuations: "The price increase was due to high demand and limited supply." You can also use it to describe market conditions: "Market dynamics are constantly influenced by the interplay between supply and demand."